coevan Posted July 8, 2020 #876 Share Posted July 8, 2020 2 hours ago, N7786W Flyer said: Since June 9th, the below is how Carnival's stock has performed on a daily basis. 6/9 -7.59% 6/10 -10.56% 6/11 -15.30% 6/12 14.56% 6/15 -2.70% 6/16 5.04% 6/17 -6.51% 6/18 -1.41% 6/19 -5.26% 6/22 -3.31% 6/23 4.41% 6/24 -11.11% 6/25 0.00% 6/26 -1.38% 6/29 6.34% 6/30 -2.26% 7/1 -0.24% 7/2 -2.93% 7/6 -1.70% 7/7 -6.66% The stock closed today at $14.57/share. Hopefully (depending upon your perspective), it won't revisit the $8.00 (it closed at $7.97 on April 2nd) range it tested earlier this year. Garnett you have way too much time on your hands 1 Link to comment Share on other sites More sharing options...
ULCajunCruiser Posted July 8, 2020 #877 Share Posted July 8, 2020 41 minutes ago, PhillyFan33579 said: I don’t currently own Carnival stock, but from a business perspective it would be irresponsible for Carnival, or any cruise line for that matter, to continue to offer OBC to share holders. Of course history is filled with companies who are no longer around because they made bad decisions that were obviously poor even at the time they were made. I couldn't disagree more. For the most part OBC costs Carnival pennies on the dollar, not the actual amount. Does anyone not take a cruise because they don't get the OBC?? Well of course not, but I'll suggest that Carnival benefits in upgrades, increased bar tabs, more reservations at pay to eat venues, etc. I'd also think that frequent cruisers, the more likely stockholder, take more cruises to cash in on the benefit. You are also totally discounting the benefits CCL receives from the increased working capital it gets from the sale of its stock. I see it more as a win/win for both CCL and for the stockholder. It is most assuredly not "irresponsible"!! 2 Link to comment Share on other sites More sharing options...
N7786W Flyer Posted July 8, 2020 #878 Share Posted July 8, 2020 42 minutes ago, coevan said: you have way too much time on your hands Well, I have been retired for 3 years...😏 so free time is much more plentiful than it was during my working career. 😁 Garnett 2 Link to comment Share on other sites More sharing options...
PhillyFan33579 Posted July 8, 2020 #879 Share Posted July 8, 2020 1 hour ago, ULCajunCruiser said: I couldn't disagree more. For the most part OBC costs Carnival pennies on the dollar, not the actual amount. Does anyone not take a cruise because they don't get the OBC?? Well of course not, but I'll suggest that Carnival benefits in upgrades, increased bar tabs, more reservations at pay to eat venues, etc. I'd also think that frequent cruisers, the more likely stockholder, take more cruises to cash in on the benefit. You are also totally discounting the benefits CCL receives from the increased working capital it gets from the sale of its stock. I see it more as a win/win for both CCL and for the stockholder. It is most assuredly not "irresponsible"!! How does it cost Carnival pennies on the dollar? When I had Carnival stock and used OBC on every cruise, I used it for gratuities and to tip bartenders. So if I had a $100 OBC for a 7 day cruise, it literally cost Carnival $100. Most of the people I cruise with who own or owned Carnival stock did the same thing. Carnival Corporation, which owns Carnival Cruise Line, reported a $4.4 billlion dollar loss last quarter. Granted the past quarter had extenuating circumstances; however, that doesn’t mitigate the loss. While I think the OBC program was a good incentive in the past, a company in Carnival’s position would be foolish to continue this program for the forseeable future. These are desperate times for cruise lines which are only going to get worse the longer cruises are suspended. Poor financial decisions today by a cruise company will lead to a company no longer around in the future. I am not predicting the demise of Carnival or any major cruise line, but no doubt the demand for cruising is not going to be the same as it was pre-COVID. Even diehard cruisers on this site say they won’t cruise with social distancing and mask requirements, which are almost guaranteed to be requirements if cruising resumes any time in the not too distant future. 1 Link to comment Share on other sites More sharing options...
drsel Posted July 8, 2020 #880 Share Posted July 8, 2020 We have to see which survives longer, the virus or the cruise lines Link to comment Share on other sites More sharing options...
ULCajunCruiser Posted July 8, 2020 #881 Share Posted July 8, 2020 13 hours ago, PhillyFan33579 said: How does it cost Carnival pennies on the dollar? When I had Carnival stock and used OBC on every cruise, I used it for gratuities and to tip bartenders. So if I had a $100 OBC for a 7 day cruise, it literally cost Carnival $100. Most of the people I cruise with who own or owned Carnival stock did the same thing. Carnival Corporation, which owns Carnival Cruise Line, reported a $4.4 billlion dollar loss last quarter. Granted the past quarter had extenuating circumstances; however, that doesn’t mitigate the loss. While I think the OBC program was a good incentive in the past, a company in Carnival’s position would be foolish to continue this program for the forseeable future. These are desperate times for cruise lines which are only going to get worse the longer cruises are suspended. Poor financial decisions today by a cruise company will lead to a company no longer around in the future. I am not predicting the demise of Carnival or any major cruise line, but no doubt the demand for cruising is not going to be the same as it was pre-COVID. Even diehard cruisers on this site say they won’t cruise with social distancing and mask requirements, which are almost guaranteed to be requirements if cruising resumes any time in the not too distant future. When used towards the payment of alcoholic beverages, boutique purchases (such as watches, jewelry, perfumes and clothing), spa treatments, etc., the cost to Carnival is pennies on the dollar. Can you circumvent this and cost Carnival $ for $, sure; but this is not the intended use of the OBC. 1 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted July 8, 2020 #882 Share Posted July 8, 2020 21 minutes ago, ULCajunCruiser said: When used towards the payment of alcoholic beverages, boutique purchases (such as watches, jewelry, perfumes and clothing), spa treatments, etc., the cost to Carnival is pennies on the dollar. Can you circumvent this and cost Carnival $ for $, sure; but this is not the intended use of the OBC. Yes and no. Gratuities are dollar for dollar (I hope) Plus if I want to leave a tip and have my room card charged. That is also dollar for dollar. However, mot of the time we give it back in the casino. Link to comment Share on other sites More sharing options...
n6uqqq Posted July 8, 2020 #883 Share Posted July 8, 2020 The shareholder benefit document explicitly states the OBC from being a shareholder cannot be used in the casino or for gratuities. I would look for Carnival to enforce this in the future considering all the troubles that are going on now. 1 Link to comment Share on other sites More sharing options...
PhillyFan33579 Posted July 8, 2020 #884 Share Posted July 8, 2020 52 minutes ago, n6uqqq said: The shareholder benefit document explicitly states the OBC from being a shareholder cannot be used in the casino or for gratuities. I would look for Carnival to enforce this in the future considering all the troubles that are going on now. Carnival has a long history of not enforcing their own rules. I have never experienced first hand or heard of anyone being restricted in how they used shareholder OBC. The dress code for the MDR is a joke that people ignore every night on every cruise. On every cruise you will see lounge chairs literally “saved” for hours with no one from Carnival enforcing their stated 40 minute rule. None of these were big issues in my book in the past, but Carnival employees not enforcing rules could be a problem in the future. My personal opinion is cruise lines are going to have to enforce certain issues like social distancing and wearing masks at certain times like during the muster drill and possibly in a lot more areas like the lounges/theaters. If issues like these become a requirement to cruise per the CDC, I have serious concerns whether Carnival personnel can enforce these issues. Carnival employees tend to avoid confrontations at all costs, so expecting them to be more assertive is going to be a BIG change for most employees IF the CDC mandates rules that cruise ships must comply with and enforce. Link to comment Share on other sites More sharing options...
TNcruising02 Posted July 8, 2020 #885 Share Posted July 8, 2020 I emailed my stock information to Carnival several weeks ago and had not heard anything. So, I sent it again this morning, but to both emails at guestadmin@carnival.com and shareholders@carnival.com. I got a response within a few hours and the $100 was added to my account as an OBC. Now that's service!As far as the shareholder's OBC, I think it's worth it to Carnival to have so many people own stock. The cost is extremely low to them, especially if any of it is used on drinks, bingo, or dining. It's a smart program and I don't see them discontinuing something that works. Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted July 8, 2020 #886 Share Posted July 8, 2020 1 hour ago, n6uqqq said: The shareholder benefit document explicitly states the OBC from being a shareholder cannot be used in the casino or for gratuities. I would look for Carnival to enforce this in the future considering all the troubles that are going on now. Well mine is always used for it. Any OBC I have is used towards anything I want. Automatically the gratuities are applied to my room and the OBC covers it. Two more cruises and we will have 50 with Carnival so I think I know what I am talking about. If you used up all of your OBC then and only then is your charge card charged. Not till then. Even my Veterans OBC on Princess is used the same way and including Royal. Link to comment Share on other sites More sharing options...
drsel Posted July 8, 2020 #887 Share Posted July 8, 2020 Carnival stock jumped 5% today. if it crosses 15.60, it should be in an uptrend again 1 Link to comment Share on other sites More sharing options...
VentureMan_2000 Posted July 8, 2020 #888 Share Posted July 8, 2020 The price swing is always large enough that a good trader could make a lot trading these price swings of CCL. 1 Link to comment Share on other sites More sharing options...
HaveWeMetYet Posted July 8, 2020 #889 Share Posted July 8, 2020 There is a financial update coming from Carnival on Friday morning. It is a webcast of 2q earnings at 10am. EST. There could be a good swing one way or the other. 1 Link to comment Share on other sites More sharing options...
MRVEGAS711 Posted July 9, 2020 #890 Share Posted July 9, 2020 Since we are not going to see a cruise ship leave the docks until May? June ? I would hold your stock breath for quite awhile! Link to comment Share on other sites More sharing options...
Computer Nerd Posted July 9, 2020 #891 Share Posted July 9, 2020 18 hours ago, n6uqqq said: The shareholder benefit document explicitly states the OBC from being a shareholder cannot be used in the casino or for gratuities. I would look for Carnival to enforce this in the future considering all the troubles that are going on now. The Carnival OBC can most assuredly be used for gratuities. I've done this on several cruises. Link to comment Share on other sites More sharing options...
ULCajunCruiser Posted July 9, 2020 #892 Share Posted July 9, 2020 38 minutes ago, Computer Nerd said: The Carnival OBC can most assuredly be used for gratuities. I've done this on several cruises. 18 hours ago, n6uqqq said: The shareholder benefit document explicitly states the OBC from being a shareholder cannot be used in the casino or for gratuities. I would look for Carnival to enforce this in the future considering all the troubles that are going on now. Just because you're doing it, doesn't make it right. It is against the rules as n6uqqq stated. Link to comment Share on other sites More sharing options...
Computer Nerd Posted July 9, 2020 #893 Share Posted July 9, 2020 4 hours ago, ULCajunCruiser said: Just because you're doing it, doesn't make it right. It is against the rules as n6uqqq stated. I'm not the one doing it. I go on a cruise with SH OBC, I don't spend anything, Carnival uses the OBC towards my gratuities? Do you think I'm dumb enough to run down to the Guest Services desk and demand they remove the OBC reduction? Do you think Carnival not following their own rules is my fault? Link to comment Share on other sites More sharing options...
coevan Posted July 9, 2020 #894 Share Posted July 9, 2020 5 hours ago, MRVEGAS711 said: Since we are not going to see a cruise ship leave the docks until May? June ? I would hold your stock breath for quite awhile! you do realize this is July? Link to comment Share on other sites More sharing options...
Joe817 Posted July 9, 2020 #895 Share Posted July 9, 2020 13 minutes ago, coevan said: you do realize this is July? I think he's referring to May & June of 2021. 2 Link to comment Share on other sites More sharing options...
chipmaster Posted July 9, 2020 #896 Share Posted July 9, 2020 18 hours ago, VentureMan_2000 said: The price swing is always large enough that a good trader could make a lot trading these price swings of CCL. Why would you bother with CCL when you can do it with Apple, Tesla, Amazon, and so many other better companies, LOL Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted July 9, 2020 #897 Share Posted July 9, 2020 6 hours ago, ULCajunCruiser said: Just because you're doing it, doesn't make it right. It is against the rules as n6uqqq stated. You are so incorrect. Hay, no one is doing it. Carnival is automatically. Get it right! Link to comment Share on other sites More sharing options...
Denverdonkeys Posted July 9, 2020 #898 Share Posted July 9, 2020 20 hours ago, VentureMan_2000 said: The price swing is always large enough that a good trader could make a lot trading these price swings of CCL. I have done just that, although I would call myself a lucky trader, not a good trader. 1 Link to comment Share on other sites More sharing options...
Denverdonkeys Posted July 9, 2020 #899 Share Posted July 9, 2020 1 hour ago, chipmaster said: Why would you bother with CCL when you can do it with Apple, Tesla, Amazon, and so many other better companies, LOL some of those other companies are better to buy and hold for a while. you can day trade them as well. I personally think Tesla is over valued. Link to comment Share on other sites More sharing options...
john91498 Posted July 9, 2020 #900 Share Posted July 9, 2020 29 minutes ago, Denverdonkeys said: some of those other companies are better to buy and hold for a while. you can day trade them as well. I personally think Tesla is over valued. Even Musk thinks it's over valued. 1 Link to comment Share on other sites More sharing options...
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